step by step working please

for each contribution

Question 4 (21 marks) The manufacturer of baby strollers is planning to develop a new high-end stroller. Management is considering three price ranges and has estimated demand based on their recent market research among the elites. If the price is $5,100 demand is expected to be 5,000 strollers, at $6,000, the estimated demand is 3,650 and at $7,200 expected demand is 2,100. Management is also considering three variable costs associated with the price options; $2,040,$2,520, and $3,120. Required (a) Produce an expected values table clearly showing the contribution for each of the nine possible outcomes. ( 9 marks) (b) Explain the terms 'maximax,' 'maximin' and the 'minimax regret' and advise management on each based on your calculations in a. (12 marks)